Finance Minister Confident Of India’s Growth

23 April 2012 17:00 - Jack Stupple

Email Article Print Article

Finance Minister Confident Of India’s Growth

Despite fears of a slowdown in India’s economic growth rate, Finance Minister Pranab Mukherjee said he was confident that the Indian economy would survive thanks to its strong fundamentals and resilience to take a higher growth trajectory. He pointed out that even thought the latest figures reflect that India’s growth rate has come down, the country still remains the second-fastest growing economy in the G20, next to only China.

He said, “In FY09 our GDP came down to 6.9% but very quickly we recovered in next two years and it was 8.4%. Again it has come down to 6.9%, but the resilience, basic fundamentals of Indian economy, which everybody recognise; high rate of savings, substantial investment coming from the domestic savings itself.” He added, "Therefore these two basic fundamentals and resilience of the economy clearly demonstrates that Indian economy will grow at a faster pace. Moreover there is important factor, a huge market, growing purchasing power, growing middle class, the domestic demand driven factors to provide the stimulus to the growth elements in Indian economy is very strong. Therefore I do feel Indian economy would grow faster,"


Related Links:
• Government of India
Ministry of Finance
• Latest News
Regular News Updates


Compare Foreign Exchange and Currency >>

Compare Loan and Debt Products >>

Compare Cards Products >>

Compare Money Products >>

Compare Insurance Products >>

When the planning starts for that special day in everyone's lives , There is always the worry and stress of how much strain it is going to put on your financial situation . Marriage loans are helping lots of people to ease this stress.
08 August 2015
Which Way To Pay
Marriage loans have been introduced to help prepare for the expense you will incur when celebration the most special day of everyone's life.
As everyone wants that big day to be perfect , there is also a hefty cost that comes with it .
14 May 2015
Which Way To Pay
Marriage isn't a cheap affair that's why Marriage loans have proven so popular across India.
Everyone want the best education , But financially this can be a worry
07 October 2014
Which Way To Pay
Getting the best education is the main priority in most people's lifetime.